Savory Ingredients - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Savory Ingredients Market is accounted for $5.72 billion in 2018 and is expected to reach $10.7 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Changing consumer food preferences in developing regions and consumers’ aversion to chemical food additives are the major factors driving the market growth. However, high cost of processing and raw materials is restraining the market growth.
Savory ingredients are flavor enhancers that are added to food products to enhance their flavors and aroma without having the need to contribute the separate ones of their own. These are used in different applications in the food industry and used as a general tonic for the digestive tract and antiseptic properties.
Based on type, the Monosodium Glutamate (MSG) segment is likely to have a huge demand due to its cost-effectiveness and broad appliance in food applications. It is sodium salt of glutamic acid and is tasteless. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due shifting food consumption pattern, rapid urbanization and rise in disposable income of the consumers in countries like China and India.
Some of the key players profiled in the Savory Ingredients Market include ABF Ingredients (OHLY), ADM, Ajinomoto Co Inc, AngelYeast Co Ltd, Cargill, Givaudan S.A., Kerry Group plc, Koninklijke DSM N.V., Lesaffre Group, Novozymes, Sensient Technologies Corporation, Symrise, Synergy Flavors, Tate & Lyle plc and Vedan International (Holdings) Limited.
Sales Channels Covered:
• Service Provider
Production Techniques Covered:
• Heat Treatment
• Acid Treatment
• Maillard Reaction
• Other Forms
• Yeast Extract
• Monosodium Glutamate (MSG)
• Other Types
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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